Economists expect the unemployment rate to remain unchanged at 7.0% in June. The economy may have added 20,000 jobs, compared to an addition of 25,800 jobs in May
The Canadian dollar rose to 4-day highs of 1.4465 against the euro and 1.0636 against the US dollar, from early lows of 1.4496 and 1.0652, respectively. If the loonie extends its rise, it is likely to find resistance around 1.43 against the euro and 1.05 against the greenback.
Against the Australian dollar, the Canadian dollar advanced to 0.9984 from an early low of 1.0006. The loonie may test resistance near the 0.98 area.
Having fallen to 95.03 against the yen in early deals, the loonie edged up to 95.25. Continuation of the bullish trend may lead the loonie to a resistance around the 95.91 mark.
Looking ahead, final German CPI inflation report for June is due to be released at
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